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Green Brick Partners profit beats consensus by 55.3% in Q2

4984693 said its second-quarter normalized net income was 12 cents per share, compared with the S&P Capital IQ consensus estimate of 8 cents per share.

EPS increased 49.3% year over year from 8 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $5.9 million, a gain from $2.5 million in the prior-year period.

The normalized profit margin climbed to 5.9% from 3.5% in the year-earlier period.

Total revenue rose 37.4% on an annual basis to $98.9 million from $72.0 million, and total operating expenses climbed 37.3% on an annual basis to $86.6 million from $63.1 million.

eported net income rose 81.9% on an annual basis to $6.8 million, or 14 cents per share, from $3.8 million, or 12 cents per share.Green Brick Partners Inc.

4984693 said its second-quarter normalized net income was 12 cents per share, compared with the S&P Capital IQ consensus estimate of 8 cents per share.